Flax is one of the oldest cultivated crops. It is a member of linaceae family. Flax is grown across the globe including India, Canada, U.S, and China and all over Europe. Flax oil is also known as linseed oil which are sold as varnish in hardware stores. Linseed and flaxseed are often used interchangeably however there is a significant difference. When flax used for human consumption it is referred by flaxseed and linseed is referred when it has been used for industrial purposes. The largest planted areas of flax seed are in Canada, U.S, Russia, China and Kazakhstan.

Flaxseeds are nutritionally enriched seeds used for human consumption and animal feed. It is the richest source of omega-3 fatty acids. It contains more than 50% of linolenic acid and offers numerous health benefits such as reduces blood pressure, lowering serum cholesterol and also maintaining the health in cardiovascular diseases, asthma, diabetes and arthritis. There are new prospects to increase the use of flax for gums, breads, protein, breads and cereals. The humanization of pets has also created opportunities for flax. Apart from food linseed oil is also used in related industries due to its polymerization property. The global demand for flax is growing considerably, owing to its demand from the textile, food, and paper industries. Moreover, usage of flax in the personal care products and plastic industries is another key factor driving the market.

The report titled “Global Flaxseeds Market- Growth, Share, Opportunities and Competitive Analysis, 2021 – 2029” offers strategic insights into the global flaxseed market along with the market size and estimates for the duration 2020 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading flaxseed manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis and key developments. The major players profiled in the report are AgMotion Speciality Grains, S.S Johnson Seeds, Cargill Inc., CanMAr Grain Products Ltd, Stokke Seeds, Simosis International, Richardson International Ltd, Sunnyville Farms Ltd, TA Foods Ltd and Archer Daniels Midland Company. Further, the report also covers market positioning of the key players operating in the flaxseeds market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the flaxseeds industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global flaxseeds market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

Flax products due to its unique nutrient components and potential effect on the prevention of several human disease is used for human and animal consumption. Flax seeds are rich in lignans, fiber and omega-3 fatty acids that aid in the control of blood sugar and cholesterol. Food and textile were the largest application segments and accounted for over 40% of flaxseed demand in 2020 with food segment dominating the market during the same period. Flaxseed is getting huge demand from the food industry for use in energy bars, breads, snacks, crackers among others. Also the demand for flax is growing in animal feed and pet food industry.

Flaxseed demand from the feed segment is projected to grow at a CAGR of 10.3% in terms of volume from 2021 to 2029. High protein content component of flaxseed cake for mixed feed production is projected to drive the demand for this application segment. Flaxseed oil also acts an excellent raw material for the technical purpose and use in various industries such as paper and pulp, soap, and in varnish and paints among others.

In 2020, North America was the largest regional market in terms of consumption and accounted for over 30% of global flaxseed demand. The market for flax products in Asia and North America, particularly China and the U.S, is set to grow significantly in the near future. Canada, as the largest producer of flax in the world, is the major supplier to the U.S and China. Europe is another significant flaxseed consumers. It is a potential market and is expected to grow rapidly due to rising awareness about the benefits of flax related to human consumption. 

Russia is the major exporter of flax and reportedly, will continue to export larger quantities over the next five years. Other countries such as Argentina, Ukraine, Kazakhstan, China and Peru also supply significant quantities of flax products. Belgium was the largest importer in 2019 with about one-third of total imports. China, U.S., and Germany were the next largest importers. U.S imports are growing by 12% annually while China’s and the Netherland’s are growing by 10% annually.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Flaxseed market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Flaxseed market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Flaxseed market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Flaxseed market?
• Which is the largest regional market for Flaxseed market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Flaxseed market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Flaxseed market worldwide?